Hip Company requires a minimum cash balance of $3,400. When the company expects a cash detclency, in bornows the exact amount required on the frst of the month. Expected excess cash is used to repoy any anounts oned Imerest owed fiom the prevous montr's princepal batunce is paid on the first of the month at 12% per yeac. The company has already completed the budgeting process for the first quarter for cash receipts and cash paryments for al expenses except imterest. FH (Click the icon to view the completed budgut information) Hip does not have any outstanding debt on January 1. Cornclete the cash budget for the first quartar for Hip Company, Round interest eipense to the nearest while dollar. Begin by preparing the cash budget for January, then prepare the cash budget for February and March. Finally. ontered into the cash budget to the nearest whole dolar. Enter a cash defoiency andior negative elfocts of financing with a minue sigh or parenthesec.)